All articles by Verdict Staff

Verdict Staff

US authorities seek $300m in penalties from Bank Leumi: report

The New York state’s financial regulator is reportedly seeking penalty of more than $300m from Israel’s Bank Leumi to settle an investigation into whether it helped wealthy Americans evade taxes.

3D Asset Management launches WealthConductor

3D Asset Management has launched WealthConductor, its premier program for advisors who are experienced in retirement income (RI) planning as well as advisors who would like to add RI planning to their practice.

Mariner Holdings plans to hire 160 staff in next six months

US financial services firm Mariner Holdings is planning to recruit nearly 60 staff as part of the firm’s growth and future initiatives.

MPI releases mobile app for advisors and asset management firms

Markov Processes International (MPI), a provider of tools for analyzing investment performance and risk, has announced the release of MPI Stylus Web as a mobile application for the iPad.

FCA launches Innovation Hub to support innovators

The Financial Conduct Authority (FCA) has launched the Innovation Hub, which is part of its Project Innovate, with the aim of supporting innovators.

Aegon Asset Management Netherlands chooses SimCorp dimension

SimCorp has said that Aegon Asset Management has chosen SimCorp Dimension as the new back-office platform for its Netherlands operations.

Janney Montgomery Scott open new office in Maryland

Janney Montgomery Scott, a US-based wealth management firm, has expanded its presence in Maryland by opening a new office in Bel Air.

ClearStart Financial launches new program for hedge funds

ClearStructure Financial Technology has launched the ClearStart program, which provides emerging hedge fund managers ready access to commercial grade portfolio management software.

FirstRand receives license to open branch in Guernsey

South Africa’s FirstRand bank has received license from Guernsey Financial Services Commission (GFSC) to formally open a new Guernsey branch next year.

DeAWM registers marginal rise in Q3 pre-tax income

Deutsche Asset & Wealth Management (DeAWM) has posted pre-tax income of EUR288m for the third quarter of 2014, a marginal rise of 2% versus EUR283m a year ago.